Fuel Management

Gasoline Price Up 5.6 Cents Last Week

January 13, 2008

WASHINGTON, D.C. --- Last week, retail gasoline prices hit a record high for a January, shooting up 5.6 cents from the previous week to reach an average of $3.109 per gallon, as of Jan. 7. That's 80.3 cents above a year ago, the U.S. Energy Department's Energy Information Administration (EIA) reported last week.

Prices rose throughout the country, with the Midwest showing the largest regional increase of 6.9 cents to $3.101 per gallon --- 89.1 cents per gallon more than last year. The East Coast price rose 5.9 cents to reach $3.124 per gallon. The Gulf Coast price jumped 5.7 cents to $2.977 per gallon, the EIA reported.

The Rocky Mountains' average price gained 2.9 cents to settle at $2.950 per gallon, the lowest regional price. The West Coast  continued having the highest regional price --- it rose 2.9 cents to $3.247 per gallon. The average price for regular grade in California climbed to $3.328 per gallon, 3 cents more than the previous week.

The average price for retail diesel fuel increased for a second straight week, to $3.376 per gallon --- 3.1 cents over a week earlier and 83.9 cents higher than the same period last year. All regional diesel prices were higher, with the largest regional increase found on the East Coast. The East Coast price rose 3.7 cents to reach $3.436 per gallon.

The New England sub-region's diesel price reached $3.644 per gallon, over 97 cents more than a year ago. The Midwest diesel price rose 3.6 cents to $3.345 per gallon. The Gulf Coast diesel price grew by 2.5 cents to $3.318 per gallon. The Rocky Mountain price moved up 0.7 cent to $3.276 per gallon and was the lowest regional price. The West Coast added 2.3 cents to settle at $3.474 per gallon. California diesel prices moved up 3.5 cents to $3.526 per gallon, the EIA said.

 

Comment On This Story

Name:  
Email:  
Comment: (Maximum 10000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

FleetFAQ

Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All

 

Public Fleet Tracking And Telematics

Amin Amini from Verizon will answer your questions and challenges

View All

 

Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All

 

Recent Topics

I am requesting feedback on how often you replace street sweepers? Also, when you surplus the old sweeper, what has brought you the...

View Topic

Hi all, we are in the process of reviewing our replacement policy for Fire apparatus. Can anyone offer information on their replacement...

View Topic

Fleet Documents

1106 Fleet Documents (and counting) to Download!

Sponsored by

Part of the Chrysler Group LLC, formed in 2009 from a global alliance between Chrysler and Fiat S.p.A. In the United States, Fiat is a brand of the Chrysler Group LLC.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.
 

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices